Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Richmond Heights, OH Rental Market Trends
What is the average rent in Richmond Heights?
The average rent for an apartment in Richmond Heights is $870, a 4% increase compared to the previous year, when the average rent was $837.
Average Rent in Richmond Heights, OH
Last updated June 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $870 | 4% | 835 sq. ft. |
What is the average apartment size in Richmond Heights?
The average size for a Richmond Heights, OH apartment is 835 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Richmond Heights, OH Apartment Rent Ranges
- $501-$70023%
- $701-$1,00053%
- $1,001-$1,50024%
Richmond Heights, OH Occupied Housing Units
- Renter-occupied Households43%
- Owner-occupied Households56%
2,064 or 43% of the households in Richmond Heights, OH are renter-occupied while 2,704 or 56% are owner-occupied.
Richmond Heights, OH Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jun / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Richmond Heights, OH | $799 | $799 | $818 | $840 | $864 | $850 | $837 | $860 | $872 | $870 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
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How Richmond Heights Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Columbus | $1,022 | 5% |
| Cincinnati | $1,040 | 2% |
| Cleveland | $1,155 | 4% |
| Northwest Ohio | $818 | 4% |
| Dayton | $867 | 6% |
| Cuyahoga Falls | $866 | 3% |
| Euclid | $707 | -1% |
| Cleveland Heights | $1,221 | 2% |
| Shaker Heights | $1,348 | 6% |
| Kent | $1,115 | n/a |
| Richmond Heights | $870 | 4% |
Most Popular Apartments in Richmond Heights
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Richmond Heights apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.